Submitted by carmetro1 t3_11o3ccr in Washington
Even when oil is at around 80. Gas price is unbelievably high at 4.5 or higher around the east side of Seattle. What happened?
Comments
ScreamyPeanut t1_jbqjiik wrote
Gas tax + greed
When prices go up, they never really come back down.
[deleted] t1_jbqmk9n wrote
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Ponsugator t1_jbqnbhu wrote
They are a$0.49 gas tax I believe in January. They want to keep increasing it until people can’t afford gas and get EV. It’s a terrible tax for lower income that taxes them at a higher percentage and will never be able to afford an EV, or families where there are no EVs big enough to fit them
DiRT360 t1_jbqok3q wrote
Definitely not originating from the petrol producers profit margins
carmetro1 OP t1_jbqrdn7 wrote
The tax is unbelievable!
[deleted] t1_jbqrfqy wrote
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werd_matrix t1_jbqy99t wrote
While the gas tax is $0.49, that has been the rate since 2016.
coyboi88 t1_jbr2akt wrote
I had thought it was a new built in cost because of Washington state’s carbon cap and trade. Basically the cost of the new cap and trade system is being passed on to consumers even though the first auction JUST took place and was completely voluntary. Gas companies can now charge higher rates and say “it’s because of this new tax”. (While still pulling in record profit after tax).
Pack_That t1_jbr2ur2 wrote
Because it can be.
Fickle_Report_6649 t1_jbr4vbs wrote
Don’t EV cars pay the tax as part of the tab renewal?
Suspected_Void t1_jbr8prw wrote
Record profits…
freckledtabby t1_jbrb1iv wrote
Why is RENT so high? The same reason. The capitalist says "supply and demand", we MUST raise the price. I'm exhausted by it all.
[deleted] t1_jbrbagk wrote
Oh do I have a video for you
Salmundo t1_jbrbdz2 wrote
Salmundo t1_jbrbh9l wrote
BP: record profits. Wonder why.
Rocketgirl8097 t1_jbrbvgw wrote
That hasn't been implemented yet. Currently it's just price gouging.
[deleted] t1_jbrc9ro wrote
They literally refused to increase production when the gas shortage came.
Boatdrnk32 t1_jbrf3mf wrote
Record oil company profits + the third highest gas tax in the country = screw you to the consumer.
Manycawa1 t1_jbrfzmm wrote
Gas taxes.
[deleted] t1_jbrlxu9 wrote
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[deleted] t1_jbrmy4p wrote
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Pianowman t1_jbrqp4x wrote
I don't know. But when I paid $4.25 recently, I texted my FIL to ask what they were paying in the Midwest. He said he had just filled up earlier that day and he was upset that it had gone up to $2.95
carmetro1 OP t1_jbrqucc wrote
[deleted] t1_jbrwj97 wrote
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Winter-eyed t1_jbsis30 wrote
Corporate greed
[deleted] t1_jbt002n wrote
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Salmundo t1_jbtai64 wrote
Taxes are $0.18/gallon federal, $0.494/gallon state, plus sales tax (which varies by county).
Gas Buddy says Washington has the fourth highest average pump price per state. Some states with low taxes have high prices (e.g., Arizona).
Western states have unique gasoline formulas for air pollution control. Refiners will claim that as a factor in higher fuel prices.
If you can sell all the gasoline you can make at $5/gallon, why would you sell it at $2/gallon?
Salmundo t1_jbtavnm wrote
Capitalism: if gasoline prices are too high, open your own refinery and make your own gasoline.
Salmundo t1_jbu89pc wrote
They can charge whatever they want to, and don’t have to say anything about why.
Salmundo t1_jbu8s5z wrote
There are states with low gas taxes and high pump prices.
Foreign_Extension489 t1_jbuhrns wrote
The problem the west is facing is a logistics one in addition to corporate greed. The unfortunate problem we have is a lack of access to our own refineries. California has some but a lot are offline due to maintenance. So we have to get more refined fuels from across the country to meet the demand….there’s also the whole thing of if the people pay for it it keeps getting worse.
4Dcookie t1_jbv5ez7 wrote
Pandemic stimulus for oil companies.
Rocketgirl8097 t1_jbwnsee wrote
We actually do have several refineries, especially in Anacortes and Bellingham. But whose oil is it being refined? I personally think oil companies purposefully stick it to west coast states.
[deleted] t1_jbqis54 wrote
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